November 19, 2019 Comments Off on Class A MF Fetches $48M in Madison, WI Metro Views: 633 Midwest, National News, Wisconsin

Class A MF Fetches $48M in Madison, WI Metro

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The Vue at Pinnacle Park, a 285-unit Class A apartment community in the Madison, WI suburb of Fitchburg, changed hands for $47.55 million. JLL marketed the property on behalf of the seller, Milwaukee-based Fiduciary Real Estate Development, Inc., and procured the buyer, Weidner Apartment Homes.

Built in 2014, The Vue is less than 20 minutes from top employers, including the University of Wisconsin-Madison, Epic Systems and American Family Insurance. It’s also about three minutes from Madison’s “Beltline” Highway, which is the convergence of Highways 12, 14, 18 and 151 at Interstate 90.

The property consists of five three-story buildings that house a variety of studio through three-bedroom units. It was 97% occupied at closing.

The JLL Capital Markets team representing the seller was led by Senior Director Wick Kirby, Managing Director Marty O’Connell, Director Kevin Girard and Analyst Amanda Friant.

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